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#PreMarket Primer: Tuesday, May 27: Hope Rises In Ukraine Despite Increased Fighting
Tuesday, May 27, 2014 - 7:29am | 1014Following the election of billionaire Petro Poroshenko as President of Ukraine, diplomatic tensions seemed to be easing as Moscow agreed to recognize the vote; marking a turning point for the region’s crisis. Poroshenko has indicated that he is willing to engage with Russia in order to end the...
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#PreMarket Primer: Friday, May 23: Russia Prepared To Respond To NATO Activity On The Border
Friday, May 23, 2014 - 6:49am | 958On Friday, General Valery Gerasimov, Russia’s chief of general staff of the armed forces, remarked that the Kremlin would respond to increased activity near the Russian border. He said that Moscow would “take retaliatory measures” as the Western military increases its combat readiness. Russia’s...
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#PreMarket Primer: Wednesday, May 21: Russian Troops Leave Ukrainian Border
Wednesday, May 21, 2014 - 7:15am | 1239The crisis in Ukraine took a new turn on Wednesday after Russian news agency RIA reported that the Defense Ministry announced that troops had begun to move away from the Ukrainian border. On Monday, Russian President Vladimir Putin claimed that he had ordered his troops to withdraw, but US...
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#PreMarket Primer: Tuesday, May 20: Credit Suisse Pleads Guilty; Will Pay $2.6 Billion In Fines
Tuesday, May 20, 2014 - 7:08am | 1200Credit Suisse pleaded guilty in its criminal tax case on Monday and admitted its part in helping wealthy clients evade taxes. The firm will pay $2.6 billion worth of fines for failing to comply with tax laws by helping its customers open offshore accounts and destroying account records that...
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#PreMarket Primer: Monday, May 19: DirecTV Rises On Offer From AT&T; AstraZeneca Rejects Pfizer Bid
Monday, May 19, 2014 - 7:04am | 1137AT&T Inc. announced a deal to acquire DirecTV for $49 billion over the weekend, as the firm attempts to adapt to a quickly changing media landscape. Both businesses’ boards approved the agreement on Sunday, creating a company with 26 million pay-TV subscribers. The deal comes shortly after...
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#PreMarket Primer: Friday, May 16: Wall Street Giants Take Up Positions In Telecom Sector
Friday, May 16, 2014 - 6:58am | 1153Big investment firms are taking large positions in the telecommunications space as several deals take shape throughout the sector. Warren Buffett, Daniel Loeb and John Paulson all bought a sizable number of Verizon Communications shares and several dumped all or part of their stake in General...
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#PreMarket Primer: Thursday, May 15: Eurozone GDP Highlights Uneven Recovery
Thursday, May 15, 2014 - 6:43am | 1151Eurozone first quarter GDP figures came in with mixed performances across the region. Germany, the bloc’s largest economy, saw an 0.8 percent rise in gross domestic product. The data marked the nation’s fastest expansion since 2011. By contrast, the eurozone’s second largest economy, France,...
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#PreMarket Primer: Tuesday, May 13: Moscow Gives No Response To Donetsk's Request To Join Russia
Tuesday, May 13, 2014 - 7:03am | 1195Following a referendum on secession over the weekend, pro-Russian separatists in Ukraine formally asked to become a part of Russia on Monday. Ukraine’s Donetsk region, where much of the conflict has been centered, made a plea to the Kremlin which was reminiscent of the situation in Crimea...
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#PreMarket Primer: Monday, May 12: Eastern Ukraine Secession Vote A Victory For Separatists
Monday, May 12, 2014 - 6:43am | 1130Pro-Russian separatist rebels celebrated an overwhelming victory in a makeshift secession vote held on Sunday. The vote has been condemned by the EU as illegal; however the rebel groups have said it will allow eastern Ukraine to decide whether it will remain a part of Ukraine, become self-...
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#PreMarket Primer: Friday, May 9: Separatist Vote Set To Go Ahead In Ukraine
Friday, May 9, 2014 - 6:48am | 1163Pro-Russian separatists occupying cities across Ukraine are moving forward with a secession vote scheduled for Sunday despite Russian President Vladimir Putin’s call for the vote to be postponed on Wednesday. Putin’s effort to de-escalate the growing tension in Ukraine was received skeptically...
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#PreMarket Primer: Thursday, May 8: Yellen Says Economy On The Upswing, But Housing Markets Still A Concern
Thursday, May 8, 2014 - 6:42am | 1284In her testimony before Congress’ Joint Economic Committee, Federal Reserve Bank Chair Janet Yellen took a reassuring tone and said that the US economy was back on track after a harsh winter. Yellen said the bank has seen business activity improve following the nation’s first quarter figures,...
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#PreMarket Primer: Wednesday, May 7: Alibaba Prepares For Massive IPO
Wednesday, May 7, 2014 - 7:02am | 1230E-commerce giant Alibaba Group Holding Ltd. has officially filed for an initial public offering in the US. The fast growing Chinese internet company has been touted as the largest marketplace in the world and valued itself at around $109 billion in April. On Tuesday, Alibaba announced that it...
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#PreMarket Primer: Tuesday, May 6: Credit Suisse Could Be Moving Towards Guilty Plea
Tuesday, May 6, 2014 - 7:07am | 1165Allegations that Credit Suisse helped rich customers evade taxes could end with the company pleading guilty and paying more than $1 billion in fines. US prosecutors have said they are close to getting the bank to plead guilty in the coming days once the two sides agree on the consequences of...
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#PreMarket Primer: Monday, May 5: Tension In Ukraine Threatens To Spill Over To Latvia
Monday, May 5, 2014 - 7:18am | 1243Last week, Latvian Defense Minister Raimonds Vejonis warned that the nation had begun to fear that the unrest in Ukraine was just the beginning and that Russia could soon turn its sights to Latvia. With a population that is a quarter ethnic Russian and almost 40 percent of citizens speaking...
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#PreMarket Primer: Friday, May 2: Nonfarm Payrolls Data Expected To Impress
Friday, May 2, 2014 - 7:30am | 1145US nonfarm payrolls data, due out later on Friday, is expected to show that US employers added 210,000 jobs in April, a huge jump from March’s addition of just 192,000 jobs. If the data falls in line with expectations, it will mark the country’s fastest hiring pace in more than four months....